Swiss to Vote on Central Bank's Gold

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

ZURICH--Swiss voters will decide Nov. 30 on an initiative that would force the country's central bank to more than double its gold holdings, a prospect that has rattled markets and drawn opposition from the government, lawmakers and business groups. The ...

Global Business Optimism Turns Down in October

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Kathleen Madigan Businesses in the U.S. and around the world are taking a dimmer view of the future, according to a global survey released Monday, leading to cutbacks in employment and spending plans. Optimism among 6,100 companies surveyed by ...

Europe Stocks Rise on Draghi's Stimulus Hints

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Josie Cox European shares rose tentatively in early trade Monday, still feeling the effects of last week's hints at further stimulus from Mario Draghi. In early trade, the Stoxx Europe 600 was 0.1% higher, while Paris's CAC gained 0.2% ...

ECB's Nowotny Upbeat on CEE Growth Prospects

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

VIENNA--European growth potential is highest in Central, Eastern and South-Eastern Europe despite lower levels of investments in the region, a member of the European Central Bank's governing council said Monday. The catching-up the region has to do in terms of ...

German Business Sentiment Rises -Update

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Brian Blackstone FRANKFURT--German business sentiment unexpectedly increased in November, a closely watched survey showed, suggesting Europe's largest economy is slowly finding its footing after struggling to expand in recent months. The Ifo Institute said Monday that its monthly business ...

CURRENCIES: Euro Rises After Surprise Rise In German Business Mood

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- The euro climbed against most major currencies on Monday after the closely watched Ifo survey showed German business confidence unexpectedly improved in November. The shared currency (EURUSD) exchanged hands at $1.2409, up from ...

Greek Officials Hope to Break Deadlock on Reform

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

ATHENS--Greek officials will meet with the country's troika of international inspectors in Paris on Tuesday in a bid to jump-start deadlocked talks over Greece's reform and austerity program. Talks with the troika--made up of representatives from the European Commission, the ...

Oil Prices Slip as OPEC Meeting Looms

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Nicole Friedman Oil prices fell Monday on expectations that the Organization of the Petroleum Exporting Countries would not cut production enough to reduce a global glut of oil. Light, sweet oil for January delivery slipped 61 cents, or 0.8%, ...

Euro Gains Against Dollar on German Business Confidence Data

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By James Ramage The euro rose against the dollar on Monday as investors wagered that surprisingly robust numbers on German business confidence could delay a move by the European Central Bank to purchase sovereign debt and weaken the common currency. ...

Commercial Real Estate Prospects Appear Bright for 2015

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Tess Stynes Prospects for the U.S. commercial real estate appear promising for next year, with broad rent increases as well as tighter vacancy rates in most major sectors, according to the National Association of Realtors. Lawrence Yun, the NAR's ...

China Rate Cut Supports Oil Prices; OPEC Meeting Looms

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Eric Yep Crude-oil futures were supported by last week's surprise interest rate cuts by China even as markets brace for the highly anticipated meeting of the Organization of the Petroleum Exporting countries later this week. On the New York ...

German Business Sentiment Rises

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Brian Blackstone FRANKFURT--German business sentiment unexpectedly increased in November, a closely watched survey showed, suggesting Europe's largest economy is slowly finding its footing after struggling to expand in recent months. The Ifo Institute said Monday that its monthly business ...

China Central Bank Cut in Rates May Be Short on Impact

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Lingling Wei BEIJING--China's move to slash lending rates to help slowing growth may lack punch, as Chinese banks likely will remain reluctant to lower loan rates for fears of hurting their profits. The People's Bank of China on Friday ...

BT in Talks to Buy Telefonica's U.K. Unit -- 2nd Update

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Simon Zekaria LONDON-- BT Group PLC on Monday said it is in talks to buy Telefonica SA's U.K. mobile business, 02, as the British telecom incumbent lays out its ambitions to be a fully-fledged wireless operator in the U.K.'s ...

China Stock Surge Before Rate Cut Raises Investors' Worries

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Shen Hong SHANGHAI--A sudden surge in China's stocks Friday, hours before Beijing cut interest rates, has drawn complaints from some investors who suspect word of the central bank's surprise move to pump up growth was leaked to the market ...

Bundesbank Says Reforms Needed to Spur Growth

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

FRANKFURT--The eurozone economy can only achieve lasting growth if governments make reforms to labor and financial markets to unleash investment and spur productivity, German central bank president Jens Weidmann said Monday. "The biggest problem besetting the euro area today is ...

ECB's Weidmann Says Monetary Policy Alone Can't Lead to Growth

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

MADRID--Germany's central bank president, Jens Weidmann, Monday expressed doubt that a potential government bond-buying program would increase growth in eurozone countries. Speaking in Madrid, Mr. Weidmann--who is a member of the European Central Bank's 24-strong governing council--said that monetary policy ...

Canada Pledges More than $5 Billion for Infrastructure Upgrades

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Paul Vieira OTTAWA--Canada is pledging 5.8 billion Canadian dollars ($5.2 billion) in additional cash over the next three years for infrastructure upgrades across the country, amid an improving budget outlook and ahead of a national election set for next ...

Europe Stocks Close Higher on ECB Hopes

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Josie Cox and Tommy Stubbington European stocks and bonds rose Monday, still encouraged by hints of further stimulus from the ECB last week, even though strong German business sentiment data may diminish expectations for immediate action. The Stoxx Europe ...

BT in Talks to Buy Telefonica's U.K. Unit -- 3rd Update

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Simon Zekaria LONDON-- BT Group PLC on Monday said it is in talks to buy Telefónica SA's U.K. mobile business, 02, as the British telecom incumbent lays out its ambitions to be a fully-fledged wireless operator in the U.K.'s ...